New Jersey's Hoboken Municipal Hospital Authority Defends Former CEO's Buyout

The Hoboken Municipal Hospital Authority, the city entity that runs Hoboken (N.J.) University Medical Center, said the $600,000 severance package to former HUMC CEO Spiros Hatiras met the conditions of his contract, according to a Jersey Journal report.

Mr. Hatiras' contract outlined the severance package would be paid "upon termination, non-renewal or expiration of the term of Employment Agreement," the report said. Although his departure was a mutual agreement, the HMHA still thought he was entitled to the package because he was still "terminated."

Related Articles on Hospital CEO Severance:

Hoboken University Hospital's CEO Received $600K Severance as Hospital Filed for Bankruptcy
BCBS of Massachusetts Repays Customers Former CEO's $4.26M Severance Pay
UA Healthcare Interim CEO Receives $1.7M Severance Package

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